Type:Module
Language:English
ECTS-Credits:5.0
Scheduled in semester:5
Semester Hours per Week / Contact Hours:60.0 L / 45.0 h
Self-directed study time:105.0 h
Module coordination/Lecturers
- Dr. Georg Peter
(Modulleitung)
Curricula
Bachelor's degree programme in Business Administration (01.10.2008)Events
Description
Linear Regression Model
- Introduction to Basic Estimation Methods and Properties
- Model Assumptions, OLS Estimation and Hypothesis Testing
- Goodness of Fit Tests, Heteroskedasticity and Endogenous Regressors: GLS and TSLS
Introduction to gretl and analysing quantitative data in gretl
Learning Outcomes
The course provides students with the tools to understand empirical research and to appropriately use econometric techniques. By the end of the course students should
- have a solid understanding of the classical linear regression model and its application to cross-section data
- understand how regression analysis may be used to fit time-series models using stationary time series
- have an appreciation of the difficulties that arise in the application of regression analysis to nonstationary time series
- understand empirical research and appropriately use econometric techniques
- have a grasp of using gretl to fit economic models
Qualifications
Lectures Method
Lecture with integrated exercises
Admission Requirements
Knowledge of mathematics and statistics (modules "Wirtschaftsmathematik", "Wirtschaftsstatistik");
Literature
Required reading:
Stock, James H; Watson, Mark W (2007): Introduction to Econometrics, Pearson Education, second edition.
Recommended reading:
Wooldridge, Jeffrey (2008): Introductory Econometrics: A Modern Approach, Thomson South-Western, fourth edition.
Prerequisities
The following conditions need to be met prior to registering for the module exam:
- successful completion of all first year full-time programme modules
Additionallly:
For students who started their studies in 2008:
- succesful completion of the module "Communication in English for Business"
- BEC II certificate
For students starting their studies in 2009:
- succesful completion of the module "Communication in English for Business"
Comments
Das Modul wird aus Lehrveranstaltungen des Nachfolgecurriculums gebildet. Es gilt die SPO für C12.